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Dec 9, 2012
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obama would love to take it off the table now. there's no way republicans are going to give that up. it's a crucial piece of leverage than the tax rates. as we saw a year and a half ago, that is really sort of putting the basic fiscal health of the country at risk. a lot of republicans are looking at that saying this is a much better chance to get the big changes on entitlements we would like to find. >> andy, i ask this to both of you, eleanor, too. i'll start with eleanor. what are the chances that game is not going to get tied into this? the president was very specific when he gave the speech to the business round table this week talking about the fact this is not a game he's looking to play once again. what are the odds that will not be involved? >> the odds are it will not be involved. the president has important allies this time, that's the business community. the republican party has been the party of business, you know, big business, small business. the business community does not want to go through all that wrangling over
obama would love to take it off the table now. there's no way republicans are going to give that up. it's a crucial piece of leverage than the tax rates. as we saw a year and a half ago, that is really sort of putting the basic fiscal health of the country at risk. a lot of republicans are looking at that saying this is a much better chance to get the big changes on entitlements we would like to find. >> andy, i ask this to both of you, eleanor, too. i'll start with eleanor. what are the...
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Dec 8, 2012
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well, president obama may be in a new battle with congress this time over sandy relief money. he asked to prove $64 billion for the hard hit states like new york and new jersey. most of that money is meant to help the victims. $13 billion will be used to protect against future storms. but a democratic aide tells nbc news they don't expect republicans to hand over the money saying, quote, we're going to have to fight for it. >>> to the saturday weather now, snow is the word in parts of the country, washington state, a foot is expected to fall. a storm blanketing the midwest. nbc meteorologist dylan has the details. >> reporter: good morning, alex. not too many dry spots across the northern half of the country. it's snowy across michigan right now where most of the cold air is located. elsewhere we are seeing freezing rain in central and northern new england. rain moving through massachusetts right now, sprinkling in new york city. some heavier rain in southern ohio. the big story is the winter weather out through montana, through the dakotas and eventually spreading east into m
well, president obama may be in a new battle with congress this time over sandy relief money. he asked to prove $64 billion for the hard hit states like new york and new jersey. most of that money is meant to help the victims. $13 billion will be used to protect against future storms. but a democratic aide tells nbc news they don't expect republicans to hand over the money saying, quote, we're going to have to fight for it. >>> to the saturday weather now, snow is the word in parts of...
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Dec 8, 2012
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and yes, president obama won with a mandate. but so did the congress members who returned to congress this year. don't forget many of them won with 60 or 70% of the vote. so they also have a mandate on their side. at the end of the day there has to be some form of compromise. perhaps that number goes to 500, perhaps the tax rates do increase but maybe not to 39. maybe to 37. but we have to remember, the thing that president obama ran on was that warren buffett shouldn't pay less in taxes than his secretary. under the president's proposal right now, warren buffett will still pay less taxes than his secretary, a lower percentage, i should say. so capital gains probably should come in there. and that could be part of the compromise. >> okay. mike, this next thing we're going to tackle is 37. here's what's behind it. a "politico" article talks about the 37% solution. the bush era tax rate for upper incomes at 356789 you combine that with the clinton-era rate 39.6. what are you hearing about this compromise at a rate of 37%? anything
and yes, president obama won with a mandate. but so did the congress members who returned to congress this year. don't forget many of them won with 60 or 70% of the vote. so they also have a mandate on their side. at the end of the day there has to be some form of compromise. perhaps that number goes to 500, perhaps the tax rates do increase but maybe not to 39. maybe to 37. but we have to remember, the thing that president obama ran on was that warren buffett shouldn't pay less in taxes than...
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Dec 2, 2012
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the man chosen by president obama to play a key role in the intense fiscal cliff negotiations is putting blame on the gop. here's timothy geithner on "meet the press." >> the only thing that stands in the way of a deal right now is if a group of republican members decide they are going to block a deal because they want to extend tax cuts. what you can expect from the and the a willingness to sit down and explore what the best way to get through this is. it's in the interest of the american people. >> that was followed by a fierce response from grover norquist, the man behind the no tax hike pledge embraced by many in the gop. >> every republican who had impure thoughts has to go back to the drawing board. they have just been told there are no real reforms in this budget. $1.6 trillion in tax increases. >> joining me is eleanor cliff and david dreker thank you for being here. so eleanor, we have timothy geithner who says there will be a deal before the end of the year but it doesn't look like anyone is willing to budge. is that your take away? >> i think there's a rhythm to these negotiat
the man chosen by president obama to play a key role in the intense fiscal cliff negotiations is putting blame on the gop. here's timothy geithner on "meet the press." >> the only thing that stands in the way of a deal right now is if a group of republican members decide they are going to block a deal because they want to extend tax cuts. what you can expect from the and the a willingness to sit down and explore what the best way to get through this is. it's in the interest of...